Singapore property bottoming out, says CapitaLand's Lim

Singapore's skyline is seen June 17, 2017. (Reuters photo) - + Related Stories Origin taps east Bangkok Mitsubishi, AP plan condos Magnolia waits to blossom SINGAPORE -- Singapore’s biggest developer, CapitaLand Ltd, detects signs that the city’s residential property market is “bottoming out” after a run of price declines, Chief Executive Officer Lim Ming Yan said. Many investors are seeing Singapore as relatively more attractive than Hong Kong, London or Australian cities, Mr Lim, who’s also president of the firm, said in a Bloomberg TV interview with Haslinda Amin on Thursday. Extra liquidity was a factor in higher transaction volumes and slower price declines in recent months, he said. “For a rebound to take place on a more sustainable basis, there has to be overall improvements in the fundamentals,” Mr Lim said. The government’s efforts to cool a red-hot market have tr...